Strong investor sentiment lifts market on hopes of growth-focused FY27 fiscal plan and positive economic outlook.
Image: ARAB News
The Pakistan Stock Exchange (PSX) surged almost 2,000 points during Friday’s trading session before being suspended for Friday prayers, as investors positioned themselves ahead of the federal budget presentation for FY2026-27 by Finance Minister Muhammad Aurangzeb.
The benchmark KSE-100 Index climbed 1,955.69 points, or 1.15%, to reach 171,659.29 points. During intraday trade, the index hit a high of 171,692.23 points, supported by strong buying across key sectors including banking, oil and gas, and cement.
Market activity remained robust, with trading volume recorded at over 120 million shares and total turnover reaching Rs9.73 billion. Sentiment was further supported by the Pakistan Economic Survey 2025-26, which highlighted 3.7% GDP growth, easing inflation, and improved external accounts.
Analysts said the rally reflects expectations of a “growth-friendly” budget, with possible relief measures for salaried individuals and incentives for export-oriented sectors such as IT and agriculture.
